The Global Cryogenic Vials Market generated revenue of around USD 163.81 million in 2021 and is anticipated to grow a CAGR of over 3.75% during the forecast period from 2022 to 2028 to reach around USD 211.25 million in 2028. While, cumulative growth opportunity presented by the global Cryogenic Vials is around USD 1.32 billion during 2022 to 2028.
Global Cryogenic Vials Market, 2021 – 2028 (USD Million)
Cryopreservation is a process wherein human or animal cells, tissues, or organs can be preserved at ultra-low temperatures. In such storage process a special vial are used which is called cryogenic vials. Cryogenic vials can store the sample specimen at low temperature for longer span of time. Cryogenic vials are designed and developed so that they can withstand and keep the sample safe at low temperatures as low as -180o.
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Internally Threaded Cryogenic Vials to Held the Largest Share
Internally threaded cryogenic vials and externally threaded cryogenic vials are some of the important closure types of Cryogenic Vials. Internally threaded cryogenic vials is most widely used closure type of Cryogenic Vials used across various applications. It accounted for over 55% share in total revenue generation in 2021. While, externally threaded cryogenic vials also hold the significant share and likely to exhibit attractive CAGR over the span of analysis period.
Self-Standing Cryogenic Vials to Grow at Rapid Pace
Self-Standing and Round Bottom are major type segments of the global Cryogenic Vials industry. Self-Standing cryogenic vials are fastest growing mounting segments for Cryogenic Vials. While, round bottom cryogenic vials held over 30% share in 2021. Self-Standing are highly popular as they don’t require any separate holding equipment and also occupy less space.
Polyethylene (PE) Held Largest Share
Polystyrene (PS) and Polyethylene (PE) are major materials used in the manufacturing of Cryogenic Vials. Polyethylene held the largest share of Cryogenic Vials industry in 2021. While, polystyrene held second largest position revenue generation of Cryogenic Vials industry in 2021. Polystyrene (PS) and Polyethylene (PE) resins are non-mutagenic and non-cytotoxic in nature. At the same time, they are also pyrogen free and can withstand ultra-low temperature.
Research Organization to Rule the Demand for Cryogenic Vials
Research Organization, Pharma & Biotech Companies and Healthcare Institutions are major application markets of Cryogenic Vials. Research Organization is largest application industries for Cryogenic Vials with over 35% share in 2021. While, Pharma & Biotech Companies and Healthcare Institutions are likely to advance at a rapid pace over the forecast period.
China is Leading Cryogenic Vials Demand in Asia Pacific
China is leading the Cryogenic Vials industry in Asia Pacific with over 35% share in 2021. On the other hand, India, Japan and South Korea are likely to advance at a rapid pace over the forecast period. While UK, Germany and France are dominating European market and expected to post attractive CAGR during the forecast period. However, U.S. is largest single market for Cryogenic Vials. U.S. is single largest market for cryogenic vials in world with over 25% share in 2021.
Major players operating in the global Cryogenic Vials market include Abdos Labtech Private Limited, Argos Technologies, Argos Technologies, Inc, Azer Scientific, Inc., BioCision, LLC, BIOLOGIX GROUP LTD, Brooks Automation, Inc., Capp ApS, CELLTREAT Scientific Products, Corning Incorporated, DWK Life Sciences GmbH, E&K Scientific Products, Inc., Evergreen Scientific, EZ Bio Research LLC., Incell Technologies, SARSTEDT AG & Co. KG, Sigma-Aldrich Corporation, Starlab International GmbH, StemCell Technologies Inc., Sumitomo Bakelite Co., Ltd., Thermo Fisher Scientific, Inc., VWR International LLC and Ziath Ltd. Global Cryogenic Vials market is characterized by the presence of large number of manufacturers across the world.
Market Segmentation
Global Cryogenic Vials Market by Closure Type, 2016 – 2028
- Internally threaded cryogenic vials
- Externally threaded cryogenic vials
Global Cryogenic Vials Market by Type, 2016 – 2028
- Self-Standing
- Round Bottom
Global Cryogenic Vials Market by Material, 2016 – 2028
- Polystyrene (PS)
- Polyethylene (PE)
Global Cryogenic Vials Market by End-user, 2016 – 2028
- Research Organization
- Pharma & Biotech Companies
- Healthcare Institutions
- Others
Global Cryogenic Vials Market by Company, 2016 – 2028
- Abdos Labtech Private Limited
- Argos Technologies
- Argos Technologies, Inc
- Azer Scientific, Inc.
- BioCision, LLC
- BIOLOGIX GROUP LTD
- Brooks Automation, Inc.
- Capp ApS
- CELLTREAT Scientific Products
- Corning Incorporated
- DWK Life Sciences GmbH
- E&K Scientific Products, Inc.
- Evergreen Scientific
- EZ Bio Research LLC.
- Incell Technologies
- SARSTEDT AG & Co. KG
- Sigma-Aldrich Corporation
- Starlab International GmbH
- StemCell Technologies Inc.
- Sumitomo Bakelite Co., Ltd
- Thermo Fisher Scientific, Inc.
- VWR International LLC
- Ziath Ltd
- Others
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